Nearly a third of Instacart’s revenue came from advertising, and grocery orders were flat in the first half of this year, the company said.Lees verder op New York Times
Wall Street Journal: The US Treasury proposes new rules that would treat crypto exchanges more like stockbrokers, requiring them to report gross proceeds to the IRS starting in 2026 — Long-delayed regulations would treat crypto platforms more like brokers who handle stocks and mutual funds Lees verder op Tech Meme
Washington Post: How Meta and YouTube, battered by content moderation fights, are following X in retreating from policing political misinfo, raising US 2024 election fears — Facebook and YouTube are receding from their role as watchdogs against conspiracy theories ahead of the 2024 presidential election Lees verder op Tech Meme
Dan Primack / Axios: Instacart files for a US IPO set for September; after being valued at $39B in 2021, the company repeatedly cut its valuation, reportedly to $13B in October 2022 — Grocery delivery giant Instacart on Friday filed for its initial public offering, with expectations that its shares will begin trading on the Nasdaq next month. Lees verder op Tech Meme
AJ Vicens / CyberScoop: Microsoft says Flax Typhoon, a hacking group active since mid-2021 with suspected Beijing ties, is targeting dozens of organizations in Taiwan, and elsewhere — A group dubbed Flax Typhoon has targeted “dozens” of Taiwanese organizations, according to new research from Microsoft. Lees verder op Tech Meme
Manish Singh / TechCrunch: Grocery delivery startup Zepto raised a $200M Series E led by StepStone at a $1.4B valuation, India’s first 2023 unicorn and taking its total funding to ~$560M — Instant grocery delivery startup Zepto has raised $200 million in a new funding round at a valuation of $1.4 billion, it said Friday … Lees verder op Tech Meme
Julian Chokkattu / Wired: Citizen suspends sales of its $350+ CZ Smart smartwatch, launched on May 1; review units had serious issues, like screen freezing and inaccurate tracking data — The second-generation CZ Smart launched a few months ago. Both the company and reviewers have found serious technical issues. Lees verder op Tech Meme
Ariel Bogle / The Guardian: The New York Times, CNN, Reuters, and other outlets block OpenAI’s GPTBot web crawler from accessing their content; some have also blocked Common Crawl’s CCBot — Chicago Tribune and Australian newspapers the Canberra Times and Newcastle Herald also appear to have disallowed web crawler from maker of Chat GPT Lees verder op Tech Meme
M. Sriram / Reuters: Sources: food delivery startup Swiggy, which was valued at $10.7B in 2022, is planning an IPO in 2024, after pausing the process for months due to weak markets — Swiggy, the Softbank-backed food delivery company, is eyeing a 2024 stock market listing and has initiated talks with bankers … Lees verder op Tech Meme
Ryan Smith / AnandTech: AMD announces new Radeon RX 7000 series video cards, the $449 RX 7700 XT and the $499 7800 XT, based on its new Navi 32 GPU and aimed at the 1440p gaming market — With the Gamescom convention taking place in Germany this week, AMD is using Europe’s largest video game trade show as the venue … Lees verder op Tech Meme